Washington Funds NSW Mine to Secure Rare Earth Supplies

The deal marks first EXIM support since 2013 as China’s dominance drives new strategic partnerships.

Work is to slow, then stop for at least a year, at Iluka Resources Cataby mine in Western Australia, pictured here in 2020. Courtesy of Iluka Resources

RZ Resources has won financing from the Export-Import Bank of the United States (EXIM).

It is the first time an Australian critical minerals company has secured support from the U.S. agency and the first Australian project backed by EXIM in more than a decade. The last was the Roy Hill iron ore project in 2013.